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Metals Tycoon Plots Biggest Russian Share Sale Since Crimean Crisis

  • Aluminum producer in talks with banks to sell 20% stake
  • ‘Big window of opportunities for Russian companies,’ BCS says
The Rusal Irkutsk aluminium smelting plant in Shelekhov, Russia.
Photographer: Andrey Rudakov/Bloomberg
Updated on

United Co. Rusal, the aluminum giant led by billionaire Oleg Deripaska, is laying the groundwork for the biggest Russian share sale since the Crimean crisis.

Rusal’s executives and bankers have discussed selling up to a 20 percent stake, representing about $1.7 billion, in London, according to two people familiar with the matter. If successful, it would be the surest sign that international investors are losing their post-sanctions inhibitions about Russia.